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India Stressed Asset Opportunities
July 2020
 
 
 

GoI- Helping companies tide through COVID


The Government of India has announced multiple reforms to support stressed companies in light of the COVID-19 pandemic. In June 2020, an Ordinance was issued to suspend the initiation of insolvency proceedings for 6 months to shield companies impacted by the COVID lockdown.


The Securities and Exchange Board of India (SEBI) also announced relaxations in pricing methodology for preferential issues of companies having stressed assets. These eased norms exempt allottees from open offer obligations.


The reforms are expected to help stressed companies receive timely financial intervention while protecting shareholder interests and ensuring growth opportunities in the country.
 
 
 
 
 
Sector Highlights
 

Ordinance issued to suspend Insolvency and Bankruptcy Code for six months
 

Fund-raising rules eased for stressed companies
 

No bar on invoking insolvency against personal guarantors: IBBI Chairman
 

Liquidator has overriding right on company’s assets over tax department: NCLT
 

IBBI reconstitutes advisory panel on Corporate Insolvency Resolution Process
 
 
 

Snapshot
 

Unique Cases Filed 3774

 

Cases filed by Sector
 
 

Status Of Cases Under CIRP

 
 

Success Story
 

Company : Aircel Ltd.


Acquired by: UV Asset Reconstruction Company Ltd


Bidders: UV Asset Reconstruction Company Ltd and Eight Capital.


Acquired for: USD 886.6 Mn
 
 

Deals in the Making
 


Creditors move to NCLT seeking bigger claim in Vasan Health Care insolvency case
 


US-based firm betters JSW offer in race for Asian Colour Coated Ispat
 


Jet Airways shortlists four potential bidders
 
 

New Opportunities
 


GSL Nova Petrochemicals Limited



EMTEX Engineering Private Limited



Bourn Hall International India Private Limited



Aditya Fabrication Private Limited



Prayaas Packagings Private Limited



Alucast Auto Parts Ltd



Lanco Mandakini Hydro Energy Private Limited
 

 
Contact Us

The Financial Investors Initiative Team at Invest India (National Investment Promotion & Facilitation Agency of Government of India) seeks to help investors who are looking to leverage opportunities in stressed assets by identifying, promoting and facilitating investor interest for resolution of insolvency.

contact financial.investments@investindia.org.in
 


Invest India
Vigyan Bhavan Annexe, First Floor
Maulana Azad Rd, South Block, Man Singh Road Area
New Delhi, Delhi 110011

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